New Tax Proposed on High-Producing Gas Wells

04.16.14 | Terry Diener

 Another Republican state lawmaker in the Republican-controlled Legislature is lining up behind a proposal to impose a new tax on Pennsylvania's booming natural gas industry.Monroe County Rep. Mario Scavello asked fellow lawmakers Tuesday to support his forthcoming bill to impose a 5 percent tax on the highest producing shale gas wells. He says that would generate about $600 million a year, based on 2013 production figures.